Eden Research (LON:EDEN) Shares Pass Above 50 Day Moving Average – Time to Sell?

Eden Research plc (LON:EDEN) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 3.37 and traded as high as GBX 3.80. Eden Research shares last traded at GBX 3.50, with a volume of 149,274 shares.

Eden Research Stock Performance

The company has a market capitalization of £21.47 million, a price-to-earnings ratio of -7.90 and a beta of 0.92. The stock has a fifty day moving average price of GBX 3.37 and a two-hundred day moving average price of GBX 3.02. The company has a quick ratio of 2.42, a current ratio of 2.17 and a debt-to-equity ratio of 5.41.

About Eden Research

Eden Research is the only UK-listed company focused on biopesticides for sustainable agriculture. It develops and supplies innovative biopesticide products and natural microencapsulation technologies to the global crop protection, animal health and consumer products industries.

Eden’s products are formulated with terpene active ingredients, based on natural plant defence metabolites. To date, they have been primarily used on high-value fruits and vegetables, improving crop yields and marketability, with equal or better performance when compared with conventional pesticides.